CTN PRESS

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO PRINCIPLES OF INSURANCE AND LOSS ASSESSMENT Which of the following is not a principle of insurance? a) Utmost Good Faith b) Insurable Interest c) Subrogation d) Adverse Selection Answer: d) Adverse Selection In insurance, what is the principle of utmost good faith? a) The insurer must disclose all relevant […]

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO ENVIRONMENTAL ISSUES IN VALUATION What environmental factor is often considered in the valuation of real estate in India? A) Air quality B) Water pollution C) Noise pollution D) All of the above Answer: D) All of the above Which regulatory body in India mandates environmental impact assessment for certain

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO TORT: GENERAL PRINCIPLES OF TORT, TORT AFFECTING VALUATION Which of the following best defines a tort? a) A contractual obligation b) A civil wrong that causes harm or loss c) A criminal offense d) A breach of statutory duty Answer: b) A civil wrong that causes harm or loss

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS RELATING TO INHERITANCE/SUCCESSION Which of the following laws governs inheritance and succession in India? a) Indian Succession Act, 1925 b) Indian Penal Code c) Indian Contract Act d) Indian Evidence Act Answer: a) Indian Succession Act, 1925 What does the Indian Succession Act, 1925 primarily deal with? a)

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO TRADING ACCOUNT; PROFIT AND LOSS ACCOUNT; INCOME AND EXPENDITURE ACCOUNT What type of organization typically prepares a Trading Account, Profit and Loss Account, and Income and Expenditure Account? A) Sole Proprietorship B) Partnership Firm C) Joint Stock Company D) All of the above Answer: D) All of the above

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO CONCEPTS OF GROSS DOMESTIC PRODUCT AND GROSS NATIONAL PRODUCT; CAPITAL FORMATION What does GDP stand for? a) Gross Domestic Product b) Gross National Product c) Gross Net Profit d) Gross National Profit Answer: a) Gross Domestic Product Which of the following is NOT included in the calculation of GDP?

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO OUTLINED ENVIRONMENTAL LEGISLATIONS IN INDIA Which legislation primarily focuses on the conservation and management of forests in India? A) Water (Prevention and Control of Pollution) Act, 1974 B) Air (Prevention and Control of Pollution) Act, 1981 C) Indian Forest Act, 1927 D) Environment (Protection) Act, 1986 Answer: C) Indian

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS OF EVIDENCE: BURDEN OF PROOF, PRESUMPTIONS, CONCLUSIVE PROOF What is the standard of proof required in criminal cases in India? A) Beyond a reasonable doubt B) Balance of probabilities C) Clear and convincing evidence D) Preponderance of evidence Answer: A) Beyond a reasonable doubt In a criminal trial,

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO IMPACT ON REAL ESTATE MARKET AND CONSTRUCTION INDUSTRY What has been the primary factor driving the growth of the real estate market in India in recent years? a) Government policies promoting affordable housing b) Increased foreign investment in the sector c) Rapid urbanization and population growth d) Decline in

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO TRADING ACCOUNT; PROFIT AND LOSS ACCOUNT; INCOME AND EXPENDITURE ACCOUNT What financial statement records the buying and selling activities of a business entity? a) Trading account b) Profit and loss account c) Income and expenditure account d) Balance sheet Answer: a) Trading account Which account summarizes the revenues, expenses,

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO FIXED ASSETS AND DEPRECIATION Which of the following is considered a fixed asset? a) Inventory b) Land c) Accounts receivable d) Marketable securities Answer: b) Land Depreciation is the process of: a) Increasing the value of assets over time b) Reducing the value of liabilities over time c) Allocating

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO ACCOUNTING MECHANICS Which of the following is not a fundamental accounting equation in India? a) Assets = Liabilities + Owner’s Equity b) Assets = Liabilities – Owner’s Equity c) Assets + Owner’s Equity = Liabilities d) Liabilities + Owner’s Equity = Assets Answer: b) Assets = Liabilities – Owner’s